Roblox Corporation (NYSE:RBLX) has a beta value of 1.56 and has seen 19.48 million shares traded in the last trading session. The company, currently valued at $32.36B, closed the last trade at $50.00 per share which meant it lost -$1.44 on the day or -2.80% during that session. The RBLX stock price is -5.3% off its 52-week high price of $52.65 and 40.9% above the 52-week low of $29.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.7 million shares traded. The 3-month trading volume is 7.41 million shares.
The consensus among analysts is that Roblox Corporation (RBLX) is Buy stock at the moment, with a recommendation rating of 1.91. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 26 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.46.
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Roblox Corporation (NYSE:RBLX) trade information
Sporting -2.80% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RBLX stock price touched $50.00 or saw a rise of 5.78%. Year-to-date, Roblox Corporation shares have moved 9.36%, while the 5-day performance has seen it change 18.20%. Over the past 30 days, the shares of Roblox Corporation (NYSE:RBLX) have changed 19.08%. Short interest in the company has seen 32.43 million shares shorted with days to cover at 3.99.
Wall Street analysts have a consensus price target for the stock at $46.5, which means that the shares’ value could drop -7.53% from current levels. The projected low price target is $20.0 while the price target rests at a high of $125.0. In that case, then, we find that the current price level is -150.0% off the targeted high while a plunge would see the stock lose 60.0% from current levels.
Roblox Corporation (RBLX) estimates and forecasts
Figures show that Roblox Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 24.66% over the past 6 months, with this year growth rate of 14.97%, compared to 6.50% for the industry. Revenue growth from the last financial year stood is estimated to be 22.60%.
19 analysts offering their estimates for the company have set an average revenue estimate of 1.35B for the current quarter. 11 have an estimated revenue figure of 1.13B for the next ending quarter. Year-ago sales stood 1.13B and 922.97M respectively for this quarter and the next, and analysts expect sales will grow by 20.20% for the current quarter and 22.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -63.26% over the past 5 years. Earnings growth for 2024 is a modest 14.70% while over the next 5 years, the company’s earnings are expected to increase by 10.19%.
RBLX Dividends
Roblox Corporation is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Roblox Corporation (NYSE:RBLX)’s Major holders
Insiders own 5.45% of the company shares, while shares held by institutions stand at 73.36% with a share float percentage of 77.60%. Investors are also buoyed by the number of investors in a company, with Roblox Corporation having a total of 917.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 49.61 million shares worth more than $1.85 billion. As of 2024-06-30, VANGUARD GROUP INC held 7.812% of shares outstanding.
The other major institutional holder is ALTOS VENTURES MANAGEMENT INC., with the holding of over 43.94 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.64 billion and represent 6.9199% of shares outstanding.
